BNB is the good coin i think, we can see that the price of BNB increasing time by time, Binance is the one of many big exchanger has success to develop BNB, they will create their own chain, and i think BNB can be the rival for bitcoin in the future
Agree completely with the analysis that you put forward that it is true that the BNB is a very good coin and is well developed by Binance, but the BNB is part of what is indeed a pretty good development and even good. to be able to replace bitcoin I feel it is still far away and needs more time and it is also possible that it will be difficult to shift the existence of bitcoin. 
Topic: BNB and BTC to be accepted in an auction of luxury property in Australia - page 3. (Read 529 times)
March 22, 2019, 03:55:52 PM
March 22, 2019, 03:35:18 PM
The issue is the sellers are converting instantly to fiat, they aren't going to hold crypto. It will still take a long time for traditional market sellers to accept crypto and actually hold it. This is the gift and curse of being an early adopter, you experience the wild price dips but also the crazy runs.
Accepting Bitcoin through a payment gateway is the first step. Once the price is more stable and more places accept it, merchants will happily hold their coins, and another advantage is that it saves them the fees these payment gateways charge.
Important here is that merchants need to be able to restock using Bitcoin. I think that will end up being a major breakthrough. The moment that happens, merchants will use their Bitcoins to buy whatever their store needs instead of having it be converted to fiat and then do the buying.
Whatever the selling pressure is that is coming coming from payment gateways, it will be significantly reduced in that case.
March 22, 2019, 01:48:09 PM
accepting bitcoin in a luxury property auction is not helping bitcoin in any way!
It's a fair point that the usage of Bitcoin to purchase luxurious stuff does not help mass adoption much. At the same time, though, I think that even such events help Bitcoin is a number of ways. For one, they increase the publicity. People hear the word 'bitcoin' more often, and not in the context of drugs or money laundering but in the context of something at least legal if not respectable. Another thing is that here Bitcoin is at least treated as money which is also a big deal. We see people using Bitcoin as a convenient way of paying for property, whereas some are moving Bitcoin in the direction of becoming this property/commodity rather than money. 
March 22, 2019, 11:31:04 AM
Not a game changer but good publicity. If people are seeing that others are willing to sell real estate for cryptos like Bitcoin, they'll be less likely to see it as a scam and maybe research about it, which could lead them to trying it.
The issue is the sellers are converting instantly to fiat, they aren't going to hold crypto. It will still take a long time for traditional market sellers to accept crypto and actually hold it. This is the gift and curse of being an early adopter, you experience the wild price dips but also the crazy runs.
March 22, 2019, 11:04:45 AM
of course it's positive news for the world of cryptocurrency, auctions require a lot of money, if people who auction carry paper money, and how to pay for items that are auctioned must use BTC or BNB, I think the pump will occur
March 13, 2019, 07:46:09 PM
As usual publicity for binance, cryptocurrency has never been a problem in luxuries and rich market as long the tokens are stable, what we need is mass adoption that enable wallets to integrated in wide used systems like how enjin does with games, as a medium of transactions exposed to daily users
March 13, 2019, 07:27:14 PM
Not a game changer but good publicity. If people are seeing that others are willing to sell real estate for cryptos like Bitcoin, they'll be less likely to see it as a scam and maybe research about it, which could lead them to trying it.
March 13, 2019, 07:22:17 PM
I don't know why some people are reacting negatively to this post but in my opinion it shows that crypto currency is growing in acceptance as a store of value and that's good for the entire blockchain community
March 13, 2019, 05:40:34 PM
I don't know why, but such kind of news don't really excite me as a bitcoiner because these are all marketing gimmick and doesn't really help in real life adoption! I had earlier mentioned as well, Toyota accepting bitcoin is a better news than Rolls Royce accepting it! In today's scenario, we are missing the mass adoption of bitcoin big time and mass adoption is the one key factor that will make a lot of people happy those who are associated with bitcoin since a long time now. So, accepting bitcoin in a luxury property auction is not helping bitcoin in any way! Rather, it will be great if Australia's property search website (property. com. au) starts accepting bitcoin to complete any real estate transactions.
True, but mass-selling merchants have no incentive to start accepting bitcoin, whereas small ones would love the marketing. The low hanging fruit is still progress, and it'd take it over no adoption. March 13, 2019, 05:05:00 PM
I don't know why, but such kind of news don't really excite me as a bitcoiner because these are all marketing gimmick and doesn't really help in real life adoption! I had earlier mentioned as well, Toyota accepting bitcoin is a better news than Rolls Royce accepting it! In today's scenario, we are missing the mass adoption of bitcoin big time and mass adoption is the one key factor that will make a lot of people happy those who are associated with bitcoin since a long time now. So, accepting bitcoin in a luxury property auction is not helping bitcoin in any way! Rather, it will be great if Australia's property search website (property. com. au) starts accepting bitcoin to complete any real estate transactions.
It's not a really strong indicator
But it is an open door to enter the BTC as soon as it is ready
I think this news is much better than another news at the same auction says
(BTC prohibition as a means of payment at auction).
March 13, 2019, 03:53:12 PM
BNB is having the best of its ride and the exchange is making remarkable development for larger adoption and high trade volume, the price reflects such success. Its just too early and might be careless for any business to adopt BNB for exchange and purchase when bitcoin is there. Exchanges with good ride should be given enough time to prove itself, at least 5 years.
March 13, 2019, 03:34:45 PM
good news, in the near future there may be many people who buy bnb / btc and by April there will be a pump to increase the price of these two coins. this will greatly benefit the whales who will participate in the auction.
March 13, 2019, 02:59:46 PM
The acceptance of bitcoin into the real estate business isn't a big thing, because already several deals have happened with bitcoin as the currency. It shows the increasing acceptance level of bitcoin as a currency. BNB added to the list seems to be a way of marketing from the Binance community. Because such a level of acceptance will increase the value among most other top coins.
If this kind of trading between physical and digital matter on currency, probably it could boost up the adoptions in the near future. Hopefully we'll be able to sustain until such time more people will be more educated because of bitcoin. Not just with property buying but also for other physical products like basic commodities, like in department stores and other local good in every country. Let's not have limitations on expending bitcoin and other crypto alts like bnb. We should exercise the freedom of cryptocurrency.
March 13, 2019, 02:49:54 PM
Although it does not have a significant impact on the development of the price of bitcoin, but this news has a positive effect especially in the payment transaction scheme, with the existence of an example of such payments meaning it's clear that bitcoin has been widely accepted, as the second payment (parallel) option after fiat money. There's a possibility the above method will be followed by other auction organizers, and the increase in people who adopt bitcoin will likely occur.
The BNB's a coin that has high value and has gained a lot of popularity instantly, so it's no wonder if the BNB price keeps on racing than the other coins. So it's natural if finally juxtaposed with bitcoin as payment in the auction event.
The BNB's a coin that has high value and has gained a lot of popularity instantly, so it's no wonder if the BNB price keeps on racing than the other coins. So it's natural if finally juxtaposed with bitcoin as payment in the auction event.
March 13, 2019, 01:27:45 PM
Yeah, I'm gonna have to agree with the others, this looks like nothing but a marketing campaign for BNB. The fact that the CEO of Binance even tweeted about it says it all. I think they included BTC just to make it look a bit more "legit" to the average crypto enthusiast and newcomers. I wouldn't be surprised if more news related to binance coin keep poping up in the upcoming weeks, seems like they're doing everything they can to keep creating more hype around the coin and continue the uptrend.
March 13, 2019, 12:50:03 PM
Nothing special here, just regular seller want to add more options in the payment methods. I doubt this news will have any effect on current market situations. I got the logic behind accepting BITCOIN but why BNB is accepted too?
If you make friends with the rich and the famous then you should be able to get an attention out there and most probably that is why BNB is sticking it's ass on Bitcoin's slowly but surely great's mass adoption in the future. Just a hunch though.
March 13, 2019, 11:57:51 AM
Wouldnt know why binance coin would be excepted by this auction house over other altcoins as a form of payment.
Maybe they have a deal with binance or something to accept them over say ethereum or litecoin.
Maybe they have a deal with binance or something to accept them over say ethereum or litecoin.
March 13, 2019, 11:53:43 AM
The acceptance of bitcoin into the real estate business isn't a big thing, because already several deals have happened with bitcoin as the currency. It shows the increasing acceptance level of bitcoin as a currency. BNB added to the list seems to be a way of marketing from the Binance community. Because such a level of acceptance will increase the value among most other top coins.
March 13, 2019, 10:14:15 AM
We have to face the facts, bitcoin is rarely accepted for real estate and that isn't likely to change in the near future. Major transactions are done in dollars and dealing with bitcoin will leave the seller and buyer with more fees and with the volatility factor thrown in there its not worth using for properties. This will change in the future once its more widely accepted.
Of course. But someone needs to take the first step.
When Bitcoin's acceptance and stability is acceptable enough a lot of people will adopt and it will be easy but the steps we give this next years will decide our future.
I agree that for now it's not a really good idea unless the seller wants to hold or will transform to fiat right away.
March 13, 2019, 10:09:48 AM
Bnb is going to most popular cryptocurrency in public acceptance and merchant and high profile business this year is the starting for mass acceptance
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